Moving to a new home can be an exciting and rewarding decision, but it may also bring about some daunting challenges. Before taking the plunge and jumping into a new house, you must ask yourself, “To move or not to move?”
The answer will ultimately depend on what is right for you in the long run. You must consider the pros and cons of moving, factors like cost of living and relocation expenses, available job opportunities, social environment of your current residence versus prospective ones, your relationship status - single or with family - as well as other more personal considerations like health prospects. Taking all these aspects into consideration will help you make an informed decision that is best suited for your needs in the short or longer term.
One cautionary tale is try NOT to influence your decision based on 'white noise' and/or opinion of others not always based on actual facts. It is well known phycological shopping mindset that most people start reasoning any decision with emotions and then use logic to justify their next move. Furthermore, researchers discovered that it takes a minority of just five percent to influence a crowd’s direction — and that the other 95 percent follow without realizing it. This means people make emotional decision first based on what others maybe doing.
This ' heard mentality' approach happens a-lot in real estate as people waiting for others to make first move to justify their next move. The question than becomes ; are you a Follower or a Leader? My approach has been unique in advising clients to buy or to make a move when no one is looking and/or buy in up and coming areas in Lower Mainland or BC. If any consumer either moving up, rightsizing or investor follow others the trend is already well know and prices are on the rise. No matter which part of country or property type same principle applies that real estate is about supply and demand which often results in higher price.
So why make your move where/when everyone else is doing it ?